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In 2004, the agency spearheaded the introduction of the value added tax in Zimbabwe, replacing the sales tax. The agency in the past has endorsed the presumptive tax and road tolls, as well as new systems like Asycuda World and a self-assessment system of taxation. [2]
Value added tax or VAT, (in Italian Imposta sul valore aggiunto, or IVA) is a consumption tax charged at a standard rate of 22 percent, which came in on 1 July 2013 (previously 21 percent). The first reduced VAT rate (10 percent) applies to water supplies, passenger transport, admission to cultural and sports events, hotels, restaurants and ...
A value-added tax identification number or VAT identification number (VATIN [1]) is an identifier used in many countries, including the countries of the European Union, for value-added tax purposes. In the EU, a VAT identification number can be verified online at the EU's official VIES [2] website. It confirms that the number is currently ...
3 April – President Emmerson Mnangagwa declares a state of national disaster due to a drought that wipes out half the country's maize crop. [2]5 April – The Reserve Bank of Zimbabwe introduces the Zimbabwe Gold (ZiG) as the country's new currency to replace the Zimbabwean dollar as from 8 April.
On 28 June 2011 ICAZ hosted a one-day tax conference in Harare with focus on taxpayers' rights to tax privacy, customs valuation of goods and international commercial terms. [ 6 ] In January 2018 ICAZ past president Martin Makaya stated that a sample by ICAZ of six state-owned entities had showed that only two chartered accountants were sitting ...
U.S. retailers have announced more than 7,100 store closures through the end of November 2024, a 69% jump from the same time last year, according to recent data from research firm CoreSight.
They have general application and are directly applicable in all Member States. [6] Council Regulation (EC) No. 1777/2005 of 17 October 2005; Lays down implementing measures for Directive 77/388/EEC on the common system of value added tax. [7] Was amended by Implementing Directive (EU) No. 282/2011. [8]
the value added tax (VAT) the federal direct tax (FDT) the withholding tax; the stamp duty; the military service substitute tax; Subdivisions of the FTA also take care of the application and enforcement of tax law, provide information on tax issues, further develop the tax system and help resolve international tax issues (e.g., double taxation ...